Ablative Solutions tapped 30-year industry veteran Kate Rumrill, the former chief executive at NeoSync, to be its new president & CEO. Rumrill, whose resume includes stints at Covidien, Aspect Medical Systems and Eli Lilly, is slated to keep her seat on NeoSync’s board, San Jose, Calif.-based Ablative Solutions said. The company makes the Peregine renal […]
ICU Medical Inc.
ICU Medical (NSDQ:ICUI) beat the consensus estimates for its first-quarter sales and earnings and stood fast on its guidance for the rest of the year, but saw its share price fall anyway on Wall Street today. San Clemente, Calif.-based ICU posted profits of $31.0 million, or $1.44 per share, on sales of $330.9 million for the […]
Medtronic (NYSE:MDT) said that it named Sean Lennon as its new chief information officer, set to take effect April 29. The Fridley, Minn.-based medtech giant said that Lennon will take over for Mike Hedges, who is retiring from the position after 19 years with Medtronic, including 10 as CIO. Prior to joining Medtronic, Lennon served as […]
ICU Medical (NSDQ:ICUI) last week posted fourth quarter earnings that topped earnings-per-share expectations on Wall Street. The San Clemente, Calif.-based company posted losses of approximately $7.4 million, or 36¢ per share, on sales of approximately $340.4 million for the three months ended December 31, seeing a swing into red ink on the bottom line while sales shrunk […]
Smiths Group (LON:SMIN) is looking to spin off its healthcare business and focus entirely on industrial tech after a failed $9.1 billion merger with ICU Medical (NSDQ:ICUI), according to a Reuters report. The company has considered a number of different options for the medical business, including a sale or separate listing, CEO Andy Reynolds said on a […]
ICU Medical (NSDQ:ICUI) today posted third quarter earnings that beat expectations for earnings per share but narrowly missed sales consensus on Wall Street. The San Clemente, Calif.-based company posted profits of $219,000, or 1¢ per share, on sales of $327.2 million for the three months ended September 30, seeing bottom-line growth of 61% while sales shrunk […]
ICU Medical (NSDQ:ICUI) issued a warning this month that it received reports of leakage with some lots of its Thermoset drug-delivery systems in Europe, the Middle East and Africa. The company noted that the affected Thermoset products included its room-temperature closed-loop drug-delivery system with an in-line temperature probe, as well as its Iced Thermoset system designed […]
ivWatch said today that it inked a long-term development and commercialization deal to integrate its continuous IV monitor into new medical devices and systems made by ICU Medical (NSDQ:ICUI). The deal paves the way for EHR interoperability, according to ivWatch, by connecting the two companies’ systems and enabling the exchange of data. Get the full story at our […]
Smiths Group (LON:SMIN) said yesterday that it’s spiking merger talks with ICU Medical (NSDQ:ICUI) after rejecting a nearly $4 billion offer earlier this month. The British company and San Clemente, Calif.-based ICU revealed negotiations in May about a possible union with Smiths Medical. Smiths, said to be eyeing the exit door last month, reportedly rejected a cash-and-stock offer worth $3.67 billion […]
Smiths Group (LON:SMIN) may walk away from talks of a $9 billion merger of its healthcare division with ICU Medical (NSDQ:ICUI), Sky News reported this week. The two groups began talks more than two months ago, but Smiths is reportedly leaning towards a decision to abandon negotiations. Get the full story at our sister site, Drug Delivery Business News.
Drugmakers received grand jury subpoenas from the U.S. Justice Dept. this week in connection with an antitrust probe into companies that market intravenous saline solutions. ICU Medical (NSDQ:ICUI), which recently acquired Hospira Infusion Systems from Pfizer (NYSE:PFE), and Baxter (NYSE:BAX) disclosed the subpoenas this week. Pfizer revealed that it is also wrapped up in the investigation, according […]